Analyst: Tether holds 83,700 Bitcoins, accounting for 0.4% of the total Bitcoin supply

21.co strategy analyst Tom Wan posted on the X platform, stating that Tether holds 83,700 Bitcoins (approximately $8 billion), accounting for 0.4% of the total Bitcoin supply.

Previous news reported that a JPMorgan analyst suggested that Tether might need to sell Bitcoins to comply with proposed stablecoin regulations in the United States.